Even with steady and predictable business, a financial plan is not something to live and die by. Decisions regarding finances change along with the business climate and a clear path for growth needs to be addressed as these climates change. A Chief Financial Officer (CFO) can help ensure business growth stays on track and even exceeds expectations. 

What do CFO’s do?

According to Inc., it’s not unusual for businesses to be losing money and not know why or how it’s happening. CFO’s can help take a full look at the cost of doing business to help owners have a better handle on an accurate ROI. CFO’s also help map out a growing business’ financial trajectory and provide guidance on ways to grow.

When should I consider hiring a CFO?

Every business is unique. However, Forbes notes that some external indicators may include the need to gain trust from outside the company with customers, suppliers, banks, shareholders or government regulators. Another indicator could be rapid growth, which requires additional capital or financing and automated systems to handle the growth.

How can I afford a CFO?

Hiring a quality CFO can be costly. However, it can be even more costly for a business not to hire one. Outsourcing this role until a more permanent solution is found can help ensure that an expanding business stays on track for success.

Let Rudler Help

Rudler offers full-time and interim CFO functions that can be customized to a company’s specific needs. After more than 45 years as an independent public accounting firm, our success is attributed to becoming a business partner with our clients to guide a variety of decisions which include tax planning, accounting system software and staffing, benefits and insurance, business valuation, and ownership transitions. Efficient CFO services include, but are not limited to financial and operational improvement plans and strategic planning.

As part of the Efficient CFO service, Rudler CPA’s work with your organization to fill gaps, institute processes, ensure compliance, offer executive level counsel and direct growth. To learn more visit our Efficient CFO service page, or contact our professionals today at 859-331-1717.